What does ach debit stand for?

An ACH debit is an electronic debit transaction performed by the financial network known as "Automated Clearing House." ACH is used to transfer funds to and from multiple accounts, according to the...
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What does unsecured debit mean?

An unsecured debt is defined as "a debt that a creditor has not secured by collateral." An example of an unsecured debt is credit card debt. If the "borrower" defaults, the issuer has no assets to ...
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What does"reverse the debit"mean?

Mostly used in banking to refer to bank statements, the term "reverse a debit" usually refers to the return of money back to an account. Debits from bank statements refer to the withdrawal of funds...
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